711 W Pine Street, Shelton, WA 98584 | 1694576 | Berkshire Hathaway HomeServices Northwest Real Estate
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711 W Pine Street $2,595,000

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    711 W Pine Street Shelton, WA 98584

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    $2,595,000

    Market Estimate
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    • 0 Beds
    • 0 Baths
    • 26,290 sq. ft.
    • Multi-Family
    • Listing# 1694576
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
    711 W Pine Street, Shelton, WA 98584
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    Listing provided courtesy of: Westlake Associates, Inc.
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    Views: 41 Days On Site: 87

    Go Tour This Home

    Saturday 27 Feb
    Sunday 28 Feb
    Monday 01 Mar
    Tuesday 02 Mar
    Wednesday 03 Mar
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    Property Details

    The property is a 33 unit Value Add Opportunity located in Shelton, Washington. The apartments are priced well below replacement cost in a market that is running above 98% occupancy. In place 6.24% cap rate, with attractive debt options starting in the low/mid 3% range. Exterior paint and landscaping provide for value add opportunity. Ability to remodel units and push rents. Charming apartment community in downtown Shelton location with long term stable tenant base.

    • General Features
      • County Or Parish Mason
      • Furnished Unfurnished
      • Leasable Area 26290
      • Leasable Area Units Square feet
      • MLS Area Major 175 - Shelton
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Special Listing Conditions None
      • Style Code 56 - 10+ Units
      • Subdivision Name Shelton
      • Tax Annual Amount 14188
      • Tax Year 2020
      • Year Built 1935
    • Building Features
      • Building Area Total 26290
      • Building Area Units Square feet
      • Exterior Features Wood
      • Flooring Laminate, Carpet
      • Heating Y/N Yes
      • Living Area 0
      • Living Area Units Square feet
      • Roof Composition
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 0
      • Irrigation Water Rights Y/N No
      • Lot Size Acres 0.42
      • Lot Size Square Feet 18295
      • Lot Size Units Square feet
      • Open Parking Spaces 0
      • Open Parking Y/N No
      • Parking Total 0
      • Sewer Sewer Connected
      • Utilities Sewer Connected,Electricity Available
      • View Y/N No
      • Waterfront Y/N No
    • Schools
      • High School District Shelton

    Contact

    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    98584 (Shelton) Demographics

    43 Median Age
    108 Population Density (per sq. mile)
    28% College Educated
    $48,238 Estimated Median Income
    9,616 Estimated Total Home Owners
    3,716 Estimated Total Renters
    72% / 28% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    36,731 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    44 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,595,000
        12/2/2020 12:02:00 PM New in Database Source New Value: $2,595,000

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.